Leadership change Kathleen L. Quirk was promoted to CEO (from President) · DEF 14A, 2025-04-25

Freeport-McMoRan Inc. ·FCX

CEO transition completed with long-tenured chairman retained

Energy · Fortune #169 · Divisional structure · 28K employees · Phoenix, AZ

View as of:
4
CEO span
↓ tighter than peers (avg 9)
2
Avg span
tight
3
Max depth
3 levels
10.5 yr
Avg tenure
stable vs FY2024
50%
Internal hires
near industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$25.2B
Operating income
$6.5B
Net income
$4.2B
Total assets
$58.2B
Shares out
1.44B

Sourced from Freeport-McMoRan Inc. DEF 14A · filed 2026-04-23 ↗ View on SEC

Interactive org chart

Freeport-McMoRan Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Freeport-McMoRan operates with a compact executive team following its 2024 CEO transition, retaining its former CEO as chairman. This page details the current leadership structure, executive roles, governance context and peer comparison.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Kathleen L. Quirk moved into President and Chief Executive Officer

Assumed CEO role effective June 11, 2024.

Source · See change log

Scenario views in the chart

  • Add Chief Operating Officer Introduce a COO role to oversee global mining operations and reduce the CEO’s operational span.
  • Chairman Retirement Remove the executive chairman role, fully separating board leadership from management.

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The people

Who's running this

5 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

internal

Kathleen L. Quirk

President and Chief Executive Officer

Executive

2 yr

4 reports

Richard C. Adkerson

Chairman of the Board

Board

21 yr

0 reports

Maree E. Robertson

Executive Vice President and Chief Financial Officer

Finance

4 yr

0 reports

Stephen T. Higgins

Executive Vice President and Chief Administrative Officer

Administration

18 yr

0 reports

internal

Douglas N. Currault II

Executive Vice President and General Counsel

Legal

9 yr

1 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 1 named executive officers disclosed. Bar length scales with total compensation.

Kathleen L. Quirk $14.8M
Base salary
$1.40M
Stock awards
$11.63M
Non-equity incentive
$1.40M
Pension change
$169K
Other
$207K
Fiscal year
FY2025
Source
SEC DEF 14A ↗

The skin in the game

Beneficial ownership

Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.

Stock ownership requirements

Stock ownership guidelines are disclosed in the DEF 14A but specific multiples are not summarized in the excerpt.

The businesses

How Freeport-McMoRan Inc. divides the work

3 divisions report into the group CEO. Tile size scales with estimated headcount.

Finance

800 employees

EVP & CFO (Maree E. Robertson)

Oversees financial reporting, capital allocation and investor relations.

Legal & Compliance

300 employees

EVP & General Counsel (Douglas N. Currault II)

Manages legal, regulatory, governance and compliance matters globally.

Administration

1K employees

EVP & CAO (Stephen T. Higgins)

Covers human resources, supply chain and corporate services.

The thesis

Why this org is unusual

Freeport-McMoRan’s most distinctive feature is its completed CEO transition while retaining the former CEO as non-independent chairman.

Kathleen Quirk assumed the CEO role in June 2024, while Richard Adkerson remains deeply involved as chairman and executive officer.

The structure is otherwise compact, with only four executive vice presidents reporting directly to the CEO, reflecting a centralized corporate model layered on top of geographically divisional mining operations. This keeps strategic, financial and legal control tightly held at the center.

Compared with peers, the leadership team is small and highly tenured, favoring continuity and institutional knowledge over frequent external hiring.

  • Former CEO retained as executive chairman
  • Small, highly tenured C-suite

The comparison

How Freeport-McMoRan Inc. stacks up

Relative to global mining peers such as BHP and Rio Tinto, Freeport-McMoRan operates with a smaller C-suite and fewer management layers. Competitors more often separate operational divisional CEOs by geography, while Freeport centralizes authority with functional executives reporting directly to the CEO. This approach …

C-suite size

Freeport-McMoRan Inc.
5
BHP Group
9
Rio Tinto
10
Southern Copper
8
Teck Resources
9

Reporting depth

Freeport-McMoRan Inc.
3 levels
BHP Group
5 levels
Rio Tinto
5 levels
Southern Copper
4 levels
Teck Resources
5 levels

Avg C-suite tenure

Freeport-McMoRan Inc.
11 yr
BHP Group
6 yr
Rio Tinto
5 yr
Southern Copper
9 yr
Teck Resources
6 yr

Has COO / Has CAIO

Freeport-McMoRan Inc. — no COO — no CAIO
BHP Group ✓ COO — no CAIO
Rio Tinto ✓ COO — no CAIO
Southern Copper — no COO — no CAIO
Teck Resources ✓ COO — no CAIO

Current signals

What changed recently

The most consequential change was Kathleen Quirk’s promotion to CEO in June 2024, with former CEO Richard Adkerson remaining as chairman.

  • promoted
    Kathleen L. Quirk President and Chief Executive Officer

    Assumed CEO role effective June 11, 2024.

    Source
  • reorg
    Richard C. Adkerson Chairman of the Board

    Transitioned from CEO to non-independent chairman on June 11, 2024.

    Source
  • Date not confirmed departed
    Robert W. Dudley Director

    Announced he will not stand for re-election at the June 2026 annual meeting (Mar 20, 2026).

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-04-23
CEO
Kathleen L. Quirk
CEO span
4
C-suite
5
Avg tenure
10.5 yr

First full year reflecting the CEO transition from Adkerson to Quirk.

Named executive officers (5)
  • Kathleen L. Quirk - CEO since 2024
  • Richard C. Adkerson - Chairman since 2003
  • Maree E. Robertson - CFO since 2022
  • Stephen T. Higgins - CAO since 2007
  • Douglas N. Currault II - General Counsel since 2017
FY2024
DEF 14A filed 2025-04-25
CEO
Richard C. Adkerson / Kathleen L. Quirk
CEO span
4
C-suite
5
Avg tenure
11.2 yr

Transition year with split CEO service.

Named executive officers (5)
  • Richard C. Adkerson - CEO since 2003
  • Kathleen L. Quirk - President since 2021
  • Maree E. Robertson - CFO since 2022
  • Stephen T. Higgins - CAO since 2007
  • Douglas N. Currault II - General Counsel since 2017
FY2023
DEF 14A filed 2024-04-25
CEO
Richard C. Adkerson
CEO span
4
C-suite
5
Avg tenure
12 yr

Stable long-tenured leadership team.

Named executive officers (5)
  • Richard C. Adkerson - CEO since 2003
  • Kathleen L. Quirk - President since 2021
  • Maree E. Robertson - CFO since 2022
  • Stephen T. Higgins - CAO since 2007
  • Douglas N. Currault II - General Counsel since 2017

Year-over-year changes

FY2023 → FY2024

2024 marked the leadership transition year, with Quirk assuming the CEO role mid-year.

  • CEO span: 4 → 4
  • C-suite size: 5 → 5
  • Avg tenure: 12 → 11.2 yr
  • promoted Kathleen L. Quirk - CEO (was President) (DEF 14A, 2025-04-25)
FY2024 → FY2025

2025 reflects the first full year of Quirk as CEO with Adkerson continuing as chairman.

  • CEO span: 4 → 4
  • C-suite size: 5 → 5
  • Avg tenure: 11.2 → 10.5 yr
  • retitled Richard C. Adkerson - Chairman (was Chairman and CEO) (DEF 14A, 2026-04-23)

The board

Board of directors

2 directors. 1 of 2 independent (50%). Source: most recent DEF 14A.

Richard C. Adkerson

Chair Inside

Chairman, Freeport-McMoRan

Director since 2003

Dustan E. McCoy

Lead Indep. Independent

Former CEO, Brunswick Corporation

The board, organized

Board committees

1 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit Committee

100% independent 4 mtgs/yr
  • john_stephens_dir Chair

Frequently Asked Questions

Who is the CEO of Freeport-McMoRan?

Kathleen L. Quirk has served as President and CEO since June 11, 2024.

What type of organizational structure does Freeport-McMoRan use?

Freeport-McMoRan uses a divisional structure by geography supported by centralized corporate functions.

How many direct reports does Freeport-McMoRan's CEO have?

The CEO has four direct executive reports.

How has Freeport-McMoRan's leadership changed recently?

The company completed a CEO transition in 2024 and announced a board departure ahead of the 2026 annual meeting.

Does Freeport-McMoRan have a COO?

No, Freeport-McMoRan does not currently have a Chief Operating Officer.

Sources

  • DEF 14A, Apr 2026
  • 8-K Filing, Mar 2026
  • SEC EDGAR: Freeport-McMoRan Inc. DEF 14A Proxy Statement
  • SEC EDGAR: Freeport-McMoRan Inc. 10-K Annual Report

Reference

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APA 7th
Creately. (2026). Freeport-McMoRan Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/freeport-mcmoran/
MLA 9th
"Freeport-McMoRan Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/freeport-mcmoran/. Accessed .
Chicago 17
Creately. "Freeport-McMoRan Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/freeport-mcmoran/.
Original SEC source View on SEC ↗
Freeport-McMoRan Inc.. DEF 14A. Filed 2026-04-23. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/831259/000119312526173666/d30227ddef14a.htm

Permanent URL: https://creately.com/org-chart/fortune-500/freeport-mcmoran/ · last updated 2026-04-01

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